Columbus McKinnon to Acquire Magnetek, Inc.

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Go back to Columbus McKinnon to Acquire Magnetek, Inc.

Sidoti Upgrades Columbus McKinnon (CMCO) to Buy

July 28, 2015 9:24 AM EDT

Sidoti upgraded Columbus McKinnon (NASDAQ: CMCO) from Neutral to Buy with a price target of $33.00 (from $28.00).

For an analyst ratings summary and ratings history on Columbus McKinnon click here. For more ratings news on Columbus McKinnon click here.

Shares of Columbus McKinnon closed at $21.46 yesterday.

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Columbus McKinnon (CMCO) to Acquire Magnetek (MAG) in $188.9M Deal

July 27, 2015 6:56 AM EDT

Columbus McKinnon (NASDAQ: CMCO) and Magnetek, Inc. (NASDAQ: MAG) announced that they have entered into a definitive agreement for Columbus McKinnon to acquire all of the outstanding shares of Magnetek for $50 per share for a total value of $188.9 million. Magnetek designs and manufactures digital power and motion control solutions for material handling, elevators and mining applications.

The transaction combines complementary strengths to create more competitive and comprehensive material handling solutions for customers. The agreement has been approved unanimously by the Boards of Directors of both companies and Magnetek's... More